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A company with 84,000 authorized shares of $8 par common stock issued 42,000 shares at $12. Subsequently, the company declared a 2% stock dividend on

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A company with 84,000 authorized shares of $8 par common stock issued 42,000 shares at $12. Subsequently, the company declared a 2% stock dividend on a date when the market price was $30 per share. What is the amount transferred from the retained earnings account to paid- in capital accounts as a result of the stock dividend? Oa. $6,720 Ob. $50,400 Oc. $25,200 Od. $18,480

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